Hi All,
As part of my Pivot Point Trading Strategy Series, I wanted to share my MISSED PIVOT ROLLOVER STRATEGY.
A missed pivot is a where price does not touch the pivot in the day, week, month it was created. Below is an example of a missed pivot:
The theory is that price will eventually come back to the missed pivot level and usually happens sooner rather than later.
This high chance of a missed pivot being hit, is where the Missed Pivot Rollover Strategy was created. Missed pivots generally occur in trending markets and when this occurs, we wait for price to “rollover” and reverse back to the miss pivot.
The video tutorial walks through:
1. Finding missed pivots
2. Identify "rollover" reversal signs
3. Once reversal confirmed, how to find the right entry
4. SL and TP ideas
5. Example charts + live trades
The EMAs shown in the video are: 30,35,40,50,60. You can download the OGT Pivot Points indicator below as well as the template to save you the time loading the EMAs!
Thanks,
Zoheb
As part of my Pivot Point Trading Strategy Series, I wanted to share my MISSED PIVOT ROLLOVER STRATEGY.
Inserted Video
A missed pivot is a where price does not touch the pivot in the day, week, month it was created. Below is an example of a missed pivot:
The theory is that price will eventually come back to the missed pivot level and usually happens sooner rather than later.
This high chance of a missed pivot being hit, is where the Missed Pivot Rollover Strategy was created. Missed pivots generally occur in trending markets and when this occurs, we wait for price to “rollover” and reverse back to the miss pivot.
The video tutorial walks through:
1. Finding missed pivots
2. Identify "rollover" reversal signs
3. Once reversal confirmed, how to find the right entry
4. SL and TP ideas
5. Example charts + live trades
The EMAs shown in the video are: 30,35,40,50,60. You can download the OGT Pivot Points indicator below as well as the template to save you the time loading the EMAs!
Attached File(s)
Missed Pivots Roll Over Strategy.tpl
24 KB
|
618 downloads
Attached File(s)
OGT Pivot Points Indicator v1.0.ex4
27 KB
|
731 downloads
Thanks,
Zoheb
Never stop investing. Never stop improving. Never stop doing something new